PNB Gilts Celebrates 30 Years of Excellence in India’s Debt Market
FinTech BizNews Service
Mumbai, July 2, 2026: PNB Gilts Limited, a standalone primary dealer and subsidiary of Punjab National Bank, celebrated its 30 th Foundation Day, commemorating three decades of steadfast contribution to the development of India's debt market and the Government securities ecosystem. Established in 1996, PNB Gilts has played a pivotal role in strengthening India's fixed income market through its expertise in Government securities, treasury solutions, market making, underwriting, and debt capital market (DCM) services.
The milestone celebration was graced by Shri Ashok Chandra (MD&CEO, PNB),
Shri Pareed Sunil (MD&CEO, PNB Gilts), along with the Board of Directors, senior
management, employees, and distinguished guests.
PNB Gilts's growth journey reflects its strong financial fundamentals and market
leadership. The Company has grown its net worth to approximately Rs1,700 crore,
achieved a Top 10 ranking in Debt Capital Market (DCM) business, and recently
completed 25 years of successful listing on the stock exchanges. The Company has
also delivered a ~13% CAGR in long-term Net Owned Funds (FY97–FY26),
underscoring its sustained financial strength and disciplined growth.
Speaking on the occasion, Shri Ashok Chandra, MD&CEO, PNB said: "PNB Gilts'
30-year journey is a testament to its unwavering commitment to excellence,
resilience, and customer-centricity. As one of India's premier Primary Dealers, the
Company has played an important role in supporting the development of the
Government securities market and strengthening the country's financial ecosystem.
PNB Gilts has consistently embraced innovation, robust governance, and prudent
risk management to create long-term value for stakeholder."
Over the years, PNB Gilts has built a diversified business franchise by continuously
investing in technology, digitising its processes, strengthening risk management
practices, and promoting sustainability initiatives.
